Allan A. Warrack (School of Business, University of Alberta)
Abstract
The current paper examines the Alberta Heritage Savings Trust Fund (AHF). Has it been a blessing or a curse? Blessings are not automatic. Whether energy revenues become a curse, or not, depends on leadership and management. It seems to be especially difficult to prevent early blessings from lapsing into longer-term curses. Yet surely it is within human wit to sustain the blessings. From experience with the Alberta Heritage Savings and Trust Fund, and comparisons with the much more successful Alaska Permanent Fund, a set of lessons are offered.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Western Centre for Economic Research in its series Information Bulletins with number
1085.
Length: 25 pages Date of creation: Nov 2005 Date of revision:
Nov 2005 Publication status: Published by Western Centre for Economic Research, Information Bulletin Series, #85. Handle: RePEc:alb:series:1085
Find related papers by JEL classification: H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs